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Guaranteed Approval!
We say yes to the credit you deserve! Are you tired of being denied?
How it Works
Complete our easy application and your results will be ready immediately. If approved you will have instant access to your $750 merchandise credit line.
- $750 Merchandise Credit Line
- Start Shopping in Minutes!
- No Sign Up Fees
- Bad Credit, No Credit? No Problem!
- No Employment or Credit Check
- Fast and Easy Application
Why Apply for NetFirst Platinum?
If you have less than perfect credit or no credit, then NetFirst Platinum is perfect for you. After completing our fast and easy application process, you will receive a $750 merchandise credit line from NetFirst Platinum.
Enjoy a $750 Credit Line!
0% financing when you purchase popular brand name products exclusively at our online store. Shop from the convenience of your own home.
No Monthly Fee!
Our no strings attached membership means that you have access to credit without a monthly fee. Just make sure to maintain and pay for your purchases.
Bad Credit? No Problem!
The NetFirst Platinum membership is designed for people with little to no credit. No application is denied because of bad or limited credit history.
See below for important Rate, Fee, and Cost Information:
Fees, Rates, & Cost Disclosure
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New FICO Score 10 – What You Need to Know
Getting a good credit card comes down to one thing: your FICO score. However, with everything going on in the past year or so, you might have missed the release of the new FICO Score 10. After all, there were plenty of other things grabbing the headlines.
Nonetheless, the FICO Score 10 Suite (FICO’s latest credit scoring system) is now here, and it’s wise to be prepared. With this latest FICO scoring system, your credit history doesn’t have to change for your credit score to change, either positive or negative. It all comes down to the details in your consumer credit reports.
Let’s dive into this new FICO model and see how FICO 10 may affect you.
Why Was a New FICO Score Released?
It doesn’t happen often, but the releasing of a new credit score is far from uncommon. Since Equifax developed the first FICO credit score in 1989, the Fair Isaac Corporation (commonly referred to as FICO), has released several revamped versions of its consumer credit scoring model.
Credit scores are all about predicting risk. In particular, FICO scores are used to predict how likely a consumer is to become 90 or more days late on payments for credit cards, personal loans, and other debt obligations.
High FICO credit scores indicate you are less likely to miss or stop making payments. Lower scores indicate just te opposite and raise a red flag to lending institutions and credit card issuers.
How Will FICO 10 Impact You?
Similar to VantageScore other less widely used credit scoring models, FICO 10 may hurt or benefit credit card borrowers.
According to FICO, under the new FICO 10 credit scoring system:
- 110 million consumers may notice their credit scores change (positive or negative) by fewer than 20 points.
- 40 million consumers may notice their credit scores increase or decrease by 20 points or more.
How you are impacted by FICO Score 10 is largely dependent on the details of your credit reports. For the most part, those with a strong credit history and good scores will likely continue to see an improvement in their scores. However, those with poor credit scores may see their scores continue to drop. It all comes down to a number of factors and your overall credit habits.
Preparing for FICO 10
If you’re concerned about the new FICO 10 scoring model setting you back, the good news is lenders don’t convert to new scoring systems overnight – it takes time. This means you still have time to make any necessary changes and begin building good credit habits.
Here are some tips to get you started:
Make Your Payments on Time
On-time payments play a key role in every credit scoring model. Even a single 30-day late payment can negatively impact your credit score.
Pay More than the Minimum
The best way to get a handle on your credit card debt and improve your FICO 10 score is to pay off the statement balance each and every month. This will help keep your credit utilization, which is another factor in determining your score.
Pay Down Personal Loans
After bringing your credit card balances to $0, then you can start doing the same for your loan balances. It likely won’t have much of an immediate impact on your credit scores, but you will be in a better position as more and more lenders adopt the new FICO 10 scoring model.
Keep an Eye on Your Credit Reports
In addition to helping you detect fraud and credit reporting errors, monitoring your Equifax, Experian, and TransUnion credit reports can help you develop good habits, manage your debt better, and track your progress.
Bottom Line
There are hundreds of credit score systems on the market, so you may have loans or credit cards from lenders who have yet to adopt FICO 10. You have no control over which credit scoring models they use, but you can control what’s inside your credit reports. By following the credit management tips above, your credit should be in good shape regardless of which credit scoring model is used.
